FA News

House Prices Rose Most Since 2005 In Second Quarter, FHFA Says

U.S. house prices jumped 1.8% in the second quarter from the previous three months.

Use These Five Tips To Head Off Problems With 401(k) Clients

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Financial planners who advise on 401(k) plans need to get out in front of sponsors and plan participants to explain new disclosure rules effective next week, says this retirement plan...

Legacy Owners Balk At Empire State Building REIT Plan

Longtime stakeholders in New York's iconic skyscraper say they'll be shortchanged if the building goes public. 

Housing Collapse Erased in Bonds of Homebuilders

Another bubble may be forming in the U.S. housing market, this time in the bonds of homebuilders.

Nearly Half Of Parents Don't Have A Financial Plan, Says Poll

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More responsibility is being shifted to people to begin financial planning earlier so they can support themselves later in life, yet the message isn't getting through on a broad enough scale.

Fed Signals Readiness to Add Stimulus Without U.S. Growth Pickup

Federal Reserve policy makers signaled readiness to boost record stimulus unless they are convinced the economy is poised to rebound.

Schapiro Turns to Dodd-Frank Panel After Losing Money Fund Fight

The asset-management industry scored a victory yesterday as U.S. Securities and Exchange Commission Chairman Mary Schapiro abandoned her quest to impose tougher rules on money-market mutual...

Recession Likely In 2013 If U.S. Congress Doesn't Act, CBO Says

The U.S. economy will probably tip into recession next year if lawmakers can't break an impasse over the federal budget, according to a report.

Shrinking Middle Class Sees Obama As More Sympathetic Than Romney

A Pew Research Center report released today says the U.S...

Madoff Trustee's Customer Payment May Reach $2.4 Billion

The trustee liquidating Bernard L. Madoff's bankrupt brokerage won court approval to make a second customer payment that may reach $2...

U.S. Housing Attractive With Overdone Risk Premium, Says Pimco Manager

Assets tied to U.S. housing are attractive with the real-estate market poised to reach a bottom, says a Pimco manager.

Lower Goals Set For PImco's Asset Management Business

Allianz SE, owner of the world's second-biggest asset management business after BlackRock Inc., is trimming targets for that unit as Europe's debt crisis crimps investment returns.

Has Bad Debt Killed Market-Cap Weighted Mutual Funds?

by Maureen Nevin Duffy

New mutual funds shun cap-weightings in favor of GDP weightings, the theory being that holdings should generate revenues for funding growth and paying down debt.

LPL Advisors Get Advice On Social Media

by Mike Byrnes

Financial advisors at LPL Financial's Focus12 conference who have started to use social media received advice on how to take it to the next level.

Existing Home Sales And Median Price Rise

Sales of existing homes climbed in July from an eight-month low, adding to signs U.S. housing may pick up in the second half.

CFP Board Demands Standards For Financial Designations

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Due to pervasive financial abuse of America's senior citizens, the CFP Board of Standards is urging standards for financial planning designations -- which now number 140.

U.S. Brokerage Audits Riddled With Deficiencies, Watchdog Finds

U.S. accounting watchdogs said a review of 10 brokerage auditors found they all performed deficient work, and some failed to take required steps to help ensure investors' funds are safeguarded.

Republican Platform Won't Spare Mortgage Tax Deduction Cuts

Republican platform drafters refused to put their party on record for preserving the mortgage-interest deduction.

Pershing Expands Trust Network For Advisors

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Pershing is building out the estate planning services it offers broker-dealers and registered investment advisors by adding two major players to its trust platform.

Prudential Joins AIG Taking Variable-Annuity Share From MetLife

Prudential Financial and AIG grabbed a bigger share of the U.S. variable-annuity market as MetLife Inc. reduced sales of the equity-linked retirement products.